Latest Financial performance News
US home sales slowed again in September, falling to weakest annual pace in nearly 14 years
LOS ANGELES (AP) — Sales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb. Existing home sales fell 1% last month, from August, to a...
Will US convenience stores find the secret to selling better food?
NEW YORK (AP) — Americans who think of petrified hot dogs, frozen burritos and salty snacks when they imagine getting food at a gas station or truck stop may be pleasantly surprised during their next road trip: U.S. convenience stores are offering them more and better — though not necessarily...
The world will be fueled by electricity but even more clean energy is needed, report says
The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges — but there'll also be an excess of planet-warming fossil fuels, a report released Wednesday by the International Energy Agency said. “We’re now...
US retail trade group expects holiday season sales to grow more slowly
NEW YORK (AP) — The largest retail trade group in the United States said Tuesday that it expects consumers to spend more during the upcoming holiday shopping season but the growth in sales to be slower than last year due to concerns over persistent inflation and prices. The...
Stellantis CEO says carmaker is on pace to fix sales problems after poor performance this year
DETROIT (AP) — Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday. Tavares, who last week pushed out the carmaker's chief financial officer and the chief operating officers for...
Japan's Kojima, with its proud Jeans Street, draws fans of vintage, deep-blue denim
KOJIMA, Japan (AP) — Denim, that All-American fabric, is all about being Japanese in the town of Kojima, where the main road is named Jeans Street, with real pairs of pants flapping like flags overhead. Some would call this spot in southwestern seaside Okayama Prefecture a mecca of...
Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products
NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is...
Carmaker Stellantis slashes forecasts as it faces industry slump and Chinese competition
MILAN (AP) — Carmaker Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition. Stellantis said it was accelerating efforts to turn...
Struggling Jeep and Ram maker Stellantis is searching for a new CEO
DETROIT (AP) — Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it's just part of a normal leadership succession plan. Tavares has been under fire from U.S. dealers and the United Auto Workers union after a dismal...
US home sales fell in August despite easing mortgage rates, more homes on the market
LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Existing home sales fell 2.5% last month, from July, to a seasonally...
